TWE is going through some significant changes

TWE is going through some significant changes

Treasury Wine Estates (TWE) has appointed a former Coca-Cola Co executive to lead its Asia and Europe, Middle East & Africa (EMEA) unit. 

Robert Foye, who has spent around 22 years at the soft drinks firm, will take the role of TWE's Asia & EMEA president & MD from 1 August. Foye, who was most recently Coca-Cola's customer & commerical VP for Asia-Pacific, will be based in TWE's Shanghai office and report to CEO Michael Clarke.

Foye is a former colleague of Clarke's from Coca-Cola. 

“I have had the privilege to work with Robert during my time at Coca-Cola, so have first-hand experience of his strategic and execution capabilities, customer relationship skills and capacity to deliver results across complex markets,” said Clarke. 

Foye replaces Andrew Carter, who was chief commerical officer for TWE's Asia-Pacific and EMEA regions. Carter decided to quit the business after a shake-up of the group's regional structure, announced last week.

TWE has been through a tumultous time of late, with the group fending off a takeover bid and dealing with speculation around its future ownership. The group's US business has also faced struggles, following a AUD160m (US$145.7m) stock writedown last year.